• Source:JND

Adani, Ambani Net Worth: The wealth of the world's top billionaires soared significantly on Monday amid a surge in stock markets worldwide. The domestic benchmark indices Sensex and Nifty zoomed nearly 4% in Intraday trade on May 12, resulting in a rise of about $10 billion in the net worth of India's top 2 business tycoons, Mukesh Ambani and Gautam Adani, in a single day. Meanwhile, the top four billionaires of the world made more than $ 50 billion Yesterday. The wealth of the world's richest, Elon Musk, increased by $ 14.5 billion, reaching $ 359 billion.

According to the Bloomberg Billionaire Index, following the bullish run in the stock market post-ease in trade war between the two powerful nations US and China, Amazon's founder Jeff Bezos' wealth jumped by $ 14.3 billion to $ 229 billion. Mark Zuckerberg's wealth zoomed by $ 16.1 billion to $ 226 billion. Larry Ellison also net worth roe to $181 billion, surging $6.97 billion in a single day.

World Billionaire Index

The net worth of Reliance Industries Limited Chairman Mukesh Ambani, the 17th richest person in the world, increased by $4.42 billion to $103 billion amid a massive rally in the Indian stock market post the ceasefire announcement between India and Pakistan. At the same time, Adani Group chairman Gautam Adani's wealth zoomed by $5.31 billion to $79.8 billion. With the recent development, Gautam Adani is now at the 20th position on Bloomberg's World Billionaire List.

Investors earned Rs 16 lakh crore.

The post-ceasefire was announced between India and Pakistan days before the US-China trade deal, and he stock markets across the world traded in positive territory. Indian stock markets ended the intraday trade on Monday with the biggest single-day jump in the last four years. Sensex and Nifty registered a gain of about four per cent due to all-around buying, resulting in a massive increase of Rs 16.15 lakh crore in investors' wealth.

The BSE Sensex closed at a seven-month high of 82,429.90 points, up 2,975.43 points, or 3.74 per cent. At one point during trading, it increased by 3,041.5 points to 82,495.97 points. Simultaneously, the Nifty saw a remarkable gain of 916.70 points, or 3.82 per cent, closing at 24,924.70 points. The Nifty increased 936.8 points during trading, reaching 24,944.80 points.

Also Read: US-China Deal To Roll Back High Tariffs Presents Challenges, Opportunities For India: Exporters